Jan 17 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH REVISES BEVERAGE LAUNCH TIMELINE.CANOPY GROWTH CORP - CANOPY DOES NOT BELIEVE THIS DELAY WILL HAVE A MATERIAL IMPACT ON ITS FY20 REVENUE..CANOPY GROWTH CORP - EXTENDING CANNABIS BEVERAGES TO-MARKET DATE.CANOPY GROWTH CORP - EXTENDING TO-MARKET DATE WHILE INTERNAL TEAMS COMPLETE FINAL STEPS.CANOPY GROWTH - INTENDS TO GIVE UPDATE ON BEVERAGE LAUNCH TIMELINE WITH RELEASE OF Q3 RESULTS.CANOPY GROWTH CORP - REMAINS "VERY CONFIDENT" IN ABILITY TO SCALE CANNABIS BEVERAGES PRODUCTION.
Full Article
Jan 8 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS REPORTS THIRD QUARTER FISCAL 2020 RESULTS.QTRLY REPORTED EARNINGS PER SHARE $1.85.QTRLY COMPARABLE BASIS EPS OF $2.14, INCLUDING CANOPY GROWTH EQUITY LOSSES OF $0.25.EXCLUDING CANOPY GROWTH EQUITY LOSSES, ACHIEVED QTRLY COMPARABLE BASIS EPS OF $2.39.QTRLY REPORTED NET SALES $1,999 MILLION, UP 1%.SEES FY 2020 REPORTED BASIS EPS $0.95 - $1.05.INCREASES FISCAL 2020 OPERATING CASH FLOW TARGET TO ABOUT $2.3 BILLION.SEES FY 2020 COMPARABLE BASIS EPS EXCLUDING. CANOPY $9.45 - $9.55.CONSTELLATION BRANDS - DUE TO GALLO DEALS, A STRANDED COST REDUCTION PLAN OF $130 MILLION IS EXPECTED TO BE REALIZED OVER FISCAL 2021 - 2022 TIMEFRAME.CONSTELLATION BRANDS - $534 MILLION DECREASE IN FAIR VALUE OF CANOPY INVESTMENTS WAS RECOGNIZED FOR Q3 FISCAL 2020.SEES FY 2020 FREE CASH FLOW BETWEEN $1.5 - $1.6 BILLION.CONSTELLATION BRANDS - SEES FY2020 BEER NET SALES GROWTH OF 7 - 8% & OPERATING. INCOME GROWTH OF 8 - 9%.SEES FY 2020 WINE AND SPIRITS NET SALES AND OPERATING INCOME DECLINE OF 8 - 10%.CONSTELLATION BRANDS SEES FY2020 CAPEX $700 MILLION - $800 MILLION.CONSTELLATION BRANDS - ON JAN 7, DECLARED QTRLY CASH DIVIDEND OF $0.75 PER SHARE OF CLASS A COMMON STOCK AND $0.68 PER SHARE OF CLASS B COMMON STOCK.CONSTELLATION BRANDS - REVISED WINE AND SPIRITS TRANSACTION WITH E. & J. GALLO WINERY NOW ASSUMED TO CLOSE AT FY2020 END.
Full Article
Dec 9 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS NAMES GARTH HANKINSON EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER.CONSTELLATION BRANDS INC - HANKINSON SUCCEEDS DAVID KLEIN, WHO WILL LEAVE HIS ROLE WITH CO TO BECOME CHIEF EXECUTIVE OFFICER AT CANOPY GROWTH.CONSTELLATION BRANDS INC - GARTH HANKINSON HAS BEEN PROMOTED TO EXECUTIVE VICE PRESIDENT AND CFO, EFFECTIVE JANUARY 13, 2020.
Full Article
Dec 6 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH PROVIDES UPDATE ON 2.0 PRODUCT ROLLOUT.CANOPY GROWTH CORP - EXPECTS THAT IN MOST MARKETS NEW PRODUCTS WILL NOT BE SEEN ON SHELVES UNTIL EARLY IN JANUARY 2020.CANOPY GROWTH - EXPECTS TO LAUNCH ADDITIONAL BEVERAGE OFFERINGS UNDER TWEED, QUATREAU, AND DEEP SPACE BRANDS IN FOLLOWING WEEKS OF JAN.CANOPY GROWTH CORP - WILL STAGGER ITS LAUNCH OF VARIOUS 2.0 PRODUCTS AND FORMATS TO ENSURE A SMOOTH ROLL-OUT.CANOPY GROWTH CORP - WILL ENSURE THAT ALL 2.0 PRODUCTS OBTAIN UL 8139 CERTIFICATION PRIOR TO COMING TO MARKET.CANOPY GROWTH CORP - DISTILLED CANNABISTM SPIRITS EXPECTED TO BE LAUNCHED IN EARLY FEBRUARY 2020.CANOPY GROWTH CORP - FOR COMPETITIVE REASONS, WILL NOT PROVIDE ONGOING UPDATES DURING ACTUAL 2.0 PRODUCT ROLLOUT PERIOD.
Full Article
Nov 20 (Reuters) - Neptune Wellness Solutions Inc ::NEPTUNE ANNOUNCES AN AMENDED AND RESTATED AGREEMENT WITH CANOPY.NEPTUNE WELLNESS SOLUTIONS INC - CANOPY AND NEPTUNE MUTUALLY DECIDED TO REVIEW TERMS OF PROCESSING AGREEMENT.NEPTUNE WELLNESS SOLUTIONS INC - PARTIES AGREED TO AMENDED SCHEDULE OF PROCESSING VOLUMES COMMITTED TO NEPTUNE BY CANOPY.NEPTUNE WELLNESS SOLUTIONS - AGREED TO REMOVE CERTAIN PREFERENTIAL RIGHTS PREVIOUSLY GRANTED TO CANOPY WITH RESPECT TO NEPTUNE'S CAPACITY & PRICING.NEPTUNE WELLNESS SOLUTIONS - PARTIES AGREED TO REMOVE SOME PREFERENTIAL RIGHTS PREVIOUSLY GRANTED TO CANOPY WITH RESPECT TO CO'S CAPACITY, PRICING.NEPTUNE WELLNESS SOLUTIONS INC - EFFECTIVE JUNE 30, 2020, VOLUME AND PRICING WILL BE NEGOTIATED BETWEEN TWO PARTIES BASED ON MARKET CONDITIONS.NEPTUNE WELLNESS SOLUTIONS INC - 3-YEAR TERM OF AGREEMENT REMAINS UNCHANGED AND EXPIRES ON JUNE 30, 2022.NEPTUNE WELLNESS SOLUTIONS INC - NEPTUNE EXPECTS TO REDUCE ITS CLIENT CONCENTRATION RISK AND DIVERSIFY ITS CUSTOMER BASE.
Full Article
Nov 14 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH EXEC- MARKET OPPORTUNITY TODAY IS NOT LIVING UP TO EXPECTATIONS - CONF CALL.CANOPY GROWTH - PLEASED TO SEE RECENT ANNOUNCEMENT THAT ONTARIO HAS MADE A COMMITMENT TO MOVE TOWARDS AN OPEN ALLOCATION OF RETAIL LICENSES.CANOPY - UNLESS THERE IS AN ORDERLY STORE ROLLOUT THE SECTOR CANNOT REACH ITS FULL SALES POTENTIAL & CONVERT CONSUMERS FROM ILLICIT MARKET INTO LEGAL MARKET.CANOPY - ACHIEVING CO'S Q4 FISCAL 2020 NET REVENUES MILESTONE OF C$250 MILLION IS INCREASINGLY UNLIKELY.CANOPY - IS CONTINUING TO EXPLORE A VERY SHORT LIST OF CEO CANDIDATES AND EXPECTS TO MAKE A FURTHER ANNOUNCEMENT WITHIN THE COMING WEEKS.CANOPY - IN Q2, CONTINUED TO SEE A DISCONNECT BETWEEN INVENTORY LEVELS AND THE RATE OF SALE FOR CERTAIN PRODUCTS IN THE MARKET.CANOPY - RECREATIONAL OIL AND SOFTGEL PRICING ADJUSTMENTS OF C$10.3 MILLION ARE REQUIRED TO ESTABLISH CO'S NEW PRICING ARCHITECTURE`.CANOPY - TO DATE, HAVE TAKEN ACTUAL RETURNS OF C$20.5 MILLION FROM THE PROVINCES & EXPECT ANOTHER C$6.4 MILLION TO BE RETURNED FOR A TOTAL OF C$26.9 MILLION IN PRODUCT RETURNS.CANOPY - IDENTIFIED C$15.9 MILLION OF PRODUCTS THAT HAVE BEEN DUE TO EXCESS OR OBSOLETE AND THIS CHARGE HAS BEEN RECORDED IN COST OF SALES.CANOPY - FROM G&A EXPENSES, C$10.8 MILLION PERTAINS TO A LEGAL DISPUTE WITH A 3RD-PARTY HEMP FARMER IN THE U.S., FOR WHICH CO IS SEEKING REMEDY FOR BREACH OF CONTRACT.CANOPY - CAPITAL SPENDING WILL BE MUTED OVER THE NEXT 12 TO 18 MONTHS.
Full Article
Nov 14 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH REPORTS SECOND QUARTER FISCAL 2020 FINANCIAL RESULTS.TAKEN A RESTRUCTURING CHARGE OF $32.7 MILLION.QTRLY LOSS PER SHARE $1.08.RECORDED AN INVENTORY CHARGE OF $15.9 MILLION TO ALIGN PORTFOLIO WITH NEW STRATEGY.Q2 2020 GROSS MARGIN IMPACT OF PORTFOLIO RESTRUCTURING COSTS IS $40.4 MILLION.CONSOLIDATED Q2 2020 GROSS REVENUE, EXCLUDING PORTFOLIO RESTRUCTURING COSTS, WAS UP 6% TO $118.3 MILLION.CANNABIS GROSS REVENUES FOR Q2 2020, EXCLUDING PORTFOLIO RESTRUCTURING COSTS, WAS $94.7 MILLION, AN INCREASE OF 2% OVER Q1 2020.CANOPY GROWTH - SOLD 10,913 KILOGRAMS AND KILOGRAM EQUIVALENTS OF CANNABIS PRODUCTS DURING Q2 2020, UP 3% FROM PREVIOUS QUARTER.ENDED Q2 2020 WITH $2.7 BILLION IN CASH AND CASH EQUIVALENTS AND MARKETABLE SECURITIES AVAILABLE FOR SALE.Q2 REVENUE VIEW C$107.1 MILLION -- REFINITIV IBES DATA.LAST TWO QUARTERS HAVE BEEN CHALLENGING FOR CANADIAN CANNABIS SECTOR.CANOPY GROWTH - MANAGEMENT BELIEVES CURRENT INVENTORY LEVELS BOTH INTERNALLY AND EXTERNALLY ARE IN-LINE WITH DEMAND FORECASTS.Q2 EARNINGS PER SHARE VIEW C$-0.40 -- REFINITIV IBES DATA.BELIEVE CONDITIONS IN CANADIAN CANNABIS SECTOR ARE A SHORT-TERM HEADWIND.CANOPY GROWTH - QTRLY CONSUMER DEMAND FOR CANNABIS CONTINUES TO INCREASE VERSUS Q1 2020 WITH COMPANY-OWNED RECREATIONAL SAME-STORE SALES GROWTH OF 17%.SOLD 10,913 KILOGRAMS AND KILOGRAM EQUIVALENTS OF CANNABIS PRODUCTS DURING Q2 2020, AN INCREASE OF 3% FROM PREVIOUS QUARTER.
Full Article
Nov 7 (Reuters) - Vireo Health International Inc ::VIREO HEALTH NAMES BRUCE LINTON AS EXECUTIVE CHAIRMAN.VIREO HEALTH INTERNATIONAL INC - CHAD MARTINSON HAS RESIGNED FROM BOARD IN CONJUNCTION WITH MR. LINTON'S APPOINTMENT.VIREO HEALTH INTERNATIONAL INC - LINTON IS FOUNDER AND FORMER CEO OF CANOPY GROWTH CORPORATION.
Full Article
Oct 15 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH COMPLETES PREVIOUSLY ANNOUNCED ACQUISITION OF BECKLEY CANOPY THERAPEUTICS.
Full Article
Oct 10 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH ANNOUNCES NEW CHAIR OF THE BOARD OF DIRECTORS.CANOPY GROWTH CORP - DAVID KLEIN HAS BEEN APPOINTED CHAIR OF ITS BOARD OF DIRECTORS EFFECTIVE IMMEDIATELY.CANOPY GROWTH CORP - KLEIN CURRENTLY SERVES AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER OF CONSTELLATION BRANDS INC.CANOPY GROWTH CORP - INTERIM CHAIR JOHN BELL WILL REMAIN AS A DIRECTOR ON BOARD.
Full Article
Earnings vs. 
Estimates